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BlockchainK2 to acquire majority interest in RealBlocks

2024-02-20 09:22 ET - News Release

Mr. Sergei Stetsenko reports

BLOCKCHAINK2 ANNOUNCES UPDATE ON STRATEGIC INVESTMENT IN REALBLOCKS

BlockchainK2 Corp. has made an investment in Enverxergy Inc., commonly referred to as RealBlocks, a modern investment platform bundling all front and back-office capabilities needed by asset managers and intermediaries to provide automated, efficient and low-cost global access to alternative investments. The company will acquire a majority interest in RealBlocks.

Sergei Stetsenko, chief executive officer of BlockchainK2, stated: "BlockchainK2 and RealBlocks are advancing the automation of financial markets through our innovative platform and are excited about leveraging generative AI with blockchain tokenization for our clients and partners. Decentralized, open-source smart contract protocols are enabling the tokenization of real-world assets -- including equity and debt, making capital raises faster and more efficient. This is because blockchain technology limits interparty dependency and creates transparency in an industry where information has traditionally been siloed. Tokenization also creates greater efficiencies, reducing operational expenses. Compliance requirements, for example, can now be programmed into tokens via smart contracts, reducing the effort and expense of ongoing compliance efforts. Given this speed and efficiency, tokenized assets will allow for wider ownership, deepening markets and globalized micro-investing in all assets.

"Our industry is in the early days of adopting generative AI and the possibilities are endless. We now plan to incorporate generative AI into the platform to further automate fully digital straight-through processing, aiding asset managers and investors as they leverage alternative investments for client portfolios to generate better outcomes for investors, by lowering operational costs and improving transaction accuracy. We are committed to maintaining our innovative edge to scalably bring the benefits of generative AI to our clients for all investing processes especially KYC and AML."

Perrin Quarshie, chief executive officer of RealBlocks, stated: "RealBlocks democratizes access to alternative investments by digitizing issuance and end-to-end processing of funds using advanced technology. The platform is designed to create unmatched levels of liquidity and transparency in the traditionally complex world of alternatives, enabling fund managers, financial intermediaries and investors to have greater control and impact on their performance. We are excited to partner with BlockChainK2 as we turn the page to a new chapter in our journey to continue to afford our clients the best experience for investing in alternatives."

About BlockchainK2 Corp.

BlockchainK2 is working to build a bridge from the blockchain sector to traditional capital markets and to represent one of the few pure play ways for stock market equity investors to get exposure to the cryptocurrency market through investment in mining and infrastructure and proprietary SaaS (software as a service) blockchain solutions with leading industry partners.

We seek Safe Harbor.

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